"Ed Huntress" wrote in message
...

"Beam Me Up Scotty" wrote in
message ...
Too_Many_Tools wrote:
On Sep 9, 1:24 pm, Beam Me Up Scotty Then-Destroy-Everyth...@Talk-n-
dog.com wrote:
Too_Many_Tools wrote:
On Sep 9, 9:49 am, Beam Me Up Scotty Then-Destroy-Everyth...@Talk-n-
dog.com wrote:
Too_Many_Tools wrote:
I believe in a balanced budget.
Obama is having to spend because of Bush's mismanagement.
Clinton left Bush a surplus...Bush left Obama a TRILLION dollar
deficit.
TMT
How big a deficit will Obama be leaving?
I do not know...do you?
http://blog.heritage.org/wp-content/...amabudget1.jpg

Whatever it will be, it would have been MUCH SMALLER IF ANY if George
Bush had not left a TRILLION dollar deficit and an economy headed
straight for a depression.
A little detail the wingers try hard to avoid noticing.
TMT
So you are saying Obama isn't fixing it, he is only riding the wave....

That is not what I said.

Reread what I wrote.

While we are waiting, please tell us why Bush destroyed the economy
and left us holding a TRILLION dollar deficit.

Wingers never want to talk about the bills that they caused.

TMT

Why did Obama triple that deficit? He Obviously thought Bush was going
in the right direction.... I think Bush was wrong and Obama is three
times as wrong as Bush was.

He tripled the deficit because there is no other way to get the economy
going again, as economists from both sides of the aisle will confirm.
McCain's economic advisor during the election said that McCain would have
had to do the same thing.

Bush was right to sign off on the stimulus. If he hadn't, there would be
no source of mortgage or consumer credit right now. He realized too late
what was necessary. Or, rather, his conservative economic advisors did.

For the alternative, see Japan, 1990s. Their real unemployment right now
is in the neighborhood of 25%, but the real story is that they've gone
from being a country of full, lifetime employment to one in which 33% are
now temporary contract workers.

Stimulus spending is always too little, too late. Likewise, this time. But
the alternative is "Hello, Herbert Hoover..." Like GW Bush, he finally
caught on at the end of his administration, but he'd already blown it.

--
Ed Huntress


And the stimulus was and is a failure! Most of the money went to Bush and
Obama's rich supporters. If it was a real stimulus, the money would have
gone to the SBA and there would have been strings attached so that the AIG
bailout money that passed through to GoldmanSacksus would not be considered
profit and used for $6.5 billion in bonus money for a company that was days
from bankruptcy. If the stimulus was successful, we would have near 16%+
real unemployment and increasing job loss.